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Investment Sales

Holly Oaks
Investment SalesMarylandNewsNortheast

Kislak Brokers $15.9 Million Sale of Property in Aberdeen, Maryland

by Channing Hamilton

ABERDEEN, MD. — The Kislak Co. Inc., a Woodbridge, New Jersey-based brokerage firm, has arranged the sale of Holly Oaks in Aberdeen, about 31 miles northeast of Baltimore. Built in 2023, the garden-style community consists of five buildings with 12 units in each building. Holly Oaks offers two- and three-bedroom apartments that range from 1,100 to 1,400 square feet. All units feature a patio or balcony, washers and dryers and walk-in closets. Barry Waisbrod and Matt Wolf of Kislak marketed the property. Robert Holland procured the undisclosed New Jersey-based buyer, …

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Investment SalesNewsTexas

Joint Venture Acquires Mixed-Use Property in Dallas

by Channing Hamilton

DALLAS — A joint venture between Discover Multifamily and The Rainier Cos. has acquired 1001 Ross, a 204-unit mixed-use community in the West End District of Dallas. Built on the corners of Ross and Lamar Ave. in 2004, the development also features 30,506 square feet of ground-floor retail space. The new ownership plans to rebrand the property as The Griffin and conduct exterior and interior renovations.

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Scott Ferguson, Westmount Capital
Industry VoicesInvestment SalesTexas

Lessons Learned from 40 Years of Investing in Dallas Multifamily

by Lynn Peisner

By Scott Ferguson, Westmount Capital The Dallas-Fort Worth (DFW) multifamily real estate market remains one of the most dynamic and resilient in the nation. Driven by strong job creation, population growth and a business-friendly environment, DFW continues to attract investors and developers alike. As demand for rental housing evolves, it is essential to assess current trends and anticipate future opportunities. At Westmount Realty Capital, we have been actively engaged in the DFW multifamily sector, leveraging our four decades of experience to identify high-potential assets and execute strategic value-add initiatives. Our …

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GeorgiaInvestment SalesNewsSoutheast

Sagard Real Estate Acquires Grande Oaks in Suburban Atlanta

by Channing Hamilton

ROSWELL, GA. — Sagard Real Estate, a Denver-based investment firm, has acquired Grande Oaks, a 270-unit property in Roswell, 22 miles north of downtown Atlanta. Grande Oaks was constructed in 1996 on a 19-acre site. The garden-style community spans roughly 311,000 rentable square feet across 11 residential buildings. Community amenities include a clubhouse, fitness center, pool, outdoor fireplace, grill and picnic area, children’s playground and car wash. Residents also have access to pet-friendly amenities such as a dog park and pet wash station. Sagard Real Estate will execute a value-add renovation …

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Encore 380
Investment SalesNewsTexas

SPI Advisory Buys 416-Unit Community in Aubrey, Texas

by Channing Hamilton

AUBREY, TEXAS — Texas-based investment firm SPI Advisory has purchased Encore 380, a 416-unit community in Aubrey, roughly 50 miles north of Fort Worth, Texas. Eastdil Secured represented the undisclosed seller in the transaction. The property was originally built in 2017 as Century 380. Encore 380 offers a mix of one-, two-, three- and four-bedroom units featuring stainless steel appliances, granite countertops, kitchen islands and washer/dryer connections. Select residences also include private yards. Amenities include a pool, fitness center, clubhouse, playground, computer lounge, dog park, package lockers and outdoor grilling …

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Chaparral Apartments
CaliforniaInvestment SalesNewsWestern

Northmarq Brokers $71 Million Sale of 296-Unit Property in Palmdale, California

by Channing Hamilton

PALMDALE, CALIF. — Northmarq has arranged the sale of Chaparral Apartments, a 296-unit property in Palmdale, 60 miles north of Los Angeles. A Florida-based real estate investment firm sold the asset to a Los Angeles-based real estate investment firm for $71 million. Chaparral Apartments includes 16 two-story garden-style buildings, totaling 213,664 square feet, on an 18.2-acre site. The unit mix includes 72 studios, 164 one-bedroom units and 60 two-bedroom units. Apartments feature fireplaces, balconies or patios, walk-in closets and energy-efficient appliances. Residents have access to amenities such as two pools, three …

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IllinoisInvestment SalesMidwestNews

Kiser Group Arranges $8 Million Sale of Chicago Portfolio

by Channing Hamilton

CHICAGO — Kiser Group has arranged the $8 million sale of a portfolio of two apartment buildings located near the University of Chicago. The portfolio consists of 5111 S. University Ave. (41 units) and 5135 S. Blackstone Ave. (36 units). The properties feature a mix of studio and one-bedroom units. The portfolio was 98 percent leased at the time of sale. Lee Kiser, Kyle Sissell and Will Cornish of Kiser represented the seller, TLC Management, while Katie LeGrand and Jacob Price of Kiser represented the buyer, Harbor Property Management LLC.

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Cast Iron Luxury Living
Investment SalesMidwestNewsWisconsin

Hendricks Commercial Properties Sells Property in West Bend, Wisconsin, for $21 Million

by Channing Hamilton

WEST BEND, WIS. — Hendricks Commercial Properties has sold Cast Iron Luxury Living, a 129-unit community in West Bend, about 39 miles northwest of Milwaukee. The community offers a range of studio through three-bedroom units. Amenities include a business center, club and media room, garage parking, car spa and a self-service canteen convenience shop. The property was formerly home to The West Bend Co., a cookware and appliance manufacturer that had occupied the site since 1911. The asset was renovated in 2015 and converted into a mixed-use community in 2017. …

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Solace Apartments in Virginia Beach
Investment SalesNewsSoutheastVirginia

Bonaventure Purchases 250-Unit Community in Virginia Beach

by Channing Hamilton

VIRGINIA BEACH, VA. — Bonaventure has acquired Solace Apartments, a 250-unit property located at 400 S. Military Highway in Virginia Beach, 18 miles east of Norfolk, Virginia. Built in 2014, Solace offers one- and two-bedroom apartments. Amenities include a pool, fitness center, grilling stations and a community clubhouse. The acquisition was made as an UPREIT transaction, an investment strategy where property owners contribute real estate to a REIT’s operating partnership in exchange for ownership interest in that partnership. Robert Prodan served as a contributor with Bonaventure’s REIT, Bonaventure Multifamily Income …

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IllinoisInvestment SalesMidwestNews

Eastham Capital Sells Community in Suburban Chicago for $10 Million

by Channing Hamilton

CHICAGO RIDGE, ILL. — Eastham Capital has sold Ridgeland Station, an 84-unit community in Chicago Ridge, about 20 miles southwest of downtown Chicago, to an undisclosed seller for $10 million. Eastham acquired the asset for the Eastham Capital Fund V LP in partnership with Bender Cos. in 2019. The acquisition of Ridgeland Station marked the first collaboration between Eastham and Bender. The average rent at the property increased 9.7 percent year over year under Bender’s management. The community consists of a mix of one- and two-bedroom units. Ridgeland Station was …

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